On January 2, 2023, came into effect the Brazilian National Private Insurance Council (CNSP) Resolution No. 453/2022, which regulates the Law No. 14.430/2022, which provides for the issuance of ILS (in Brazil, “Letra de Risco de Seguro – LRS”) by Special Purpose Insurance Company (SSPE) in effect since August 8, 2022.
Fonte: Tozzini Freire, em 18.01.2023.